Quest Diagnostics (DGX) SVP sells and withholds shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Diagnostics senior vice president Patrick Plewman reported two stock dispositions. He sold 410 shares of common stock in an open-market transaction at $207.73 per share under a Rule 10b5-1 sales plan he previously adopted.
He also disposed of 230 shares at $204.86 per share to cover tax obligations from the vesting of an earlier restricted share unit grant. After these transactions, he directly owns 15,198 shares of Quest Diagnostics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 410 shares ($85,169)
Net Sell
2 txns
Insider
Plewman Patrick
Role
SVP for Diagnostic Services
Sold
410 shs ($85K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 410 | $207.73 | $85K |
| Tax Withholding | Common Stock | 230 | $204.86 | $47K |
Holdings After Transaction:
Common Stock — 15,198 shares (Direct)
Footnotes (1)
- Sale of common stock to satisfy tax obligations arising from the vesting of a previous grant of restricted share units. This sale reported was effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person.
FAQ
What insider transactions did Quest Diagnostics (DGX) SVP Patrick Plewman report?
Patrick Plewman reported two dispositions of Quest Diagnostics common stock. One was an open-market sale of 410 shares, and the other was a 230-share disposition to satisfy tax obligations tied to restricted share unit vesting, both reflected in his updated direct ownership.
What is the purpose of the Quest Diagnostics (DGX) SVP’s 10b5-1 sales plan?
The open-market sale of 410 Quest Diagnostics shares was executed under a Rule 10b5-1 sales plan. Such plans allow insiders to pre-schedule trades, helping separate personal trading decisions from day-to-day access to nonpublic company information.